Ghana's households and NPISHs final consumption expenditure (current LCU) was 981.44 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 759.72% from 114.16 billion in 2014 (24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 981.44 billion | 2024 |
| Five years earlier | 271.81 billion | 2019 |
| Ten years earlier | 114.16 billion | 2014 |
| Highest | 981.44 billion | 2024 |
| Lowest | 63,300 | 1960 |
| Average since 2015 | 386.57 billion | 2015–2024 |
| First recorded | 63,300 |
What the numbers say
In 2024, Ghana's households and NPISHs final consumption expenditure (current LCU) rose 29.7% on 2023 (from 756.63 billion to 981.44 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +30.7% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 115.3% in 1983 and the biggest yearly fall was 3.2% in 1967. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 82.6 billion a year. A straight line explains 81% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Ghana had the 9th highest value of the 36 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Ghana in the 2024 ranking
- China — 6th of 36: 53.88 trillion
- Afghanistan — 7th of 36: 1.41 trillion
- Cuba — 8th of 36: 985.86 billion
- Zimbabwe — 10th of 36: 694.49 billion
- New Caledonia — 11th of 36: 619.32 billion
- French Polynesia — 12th of 36: 514.1 billion
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Households and NPISHs final consumption expenditure (current LCU) |
|---|---|
| 2024 | 981,437,019,500 |
| 2023 | 756,628,761,300 |
| 2022 | 477,505,030,700 |
| 2021 | 358,068,712,600 |
| 2020 | 303,627,003,400 |
| 2019 | 271,811,961,500 |
| 2018 | 222,906,905,400 |
| 2017 | 200,441,379,400 |
| 2016 | 158,432,965,100 |
| 2015 | 134,832,120,400 |
Households and NPISHs final consumption expenditure (current LCU) in nearby economies
- Angola — 64.15 trillion (2024)
- Benin — 8.34 trillion (2025)
- Botswana — 123.17 billion (2025)
- Burkina Faso — 9.65 trillion (2025)
- Burundi — 9.17 trillion (2025)
- Cabo Verde — 212.72 billion (2025)
- Cameroon — 26 trillion (2025)
- Central African Republic — 1.69 trillion (2025)
- Chad
More economic policy & debt data for Ghana
- Total reserves, including gold (current US$) — US$12.13 billion (2025)
- Total reserves, excluding gold (current US$) — US$9.51 billion (2025)
- Agriculture, forestry, and fishing, value added (current US$) — US$24.3 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 305.12 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 21.28% (2025)
- GDP (current US$) — US$114.21 billion (2025)
- GDP (current LCU) — 1.43 trillion (2025)
- GDP (constant 2015 US$) — US$79.27 billion (2025)
- GDP (constant LCU) — 209.64 billion (2025)
- GDP per capita (current US$)
Reading data like this
Questions people ask
- What is Ghana's households and NPISHs final consumption expenditure (current LCU)?
- 981.44 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 1.55 billion% from 63,300 in 1960 (29.52% a year on average, compounded). The highest value was 981.44 billion in 2024 and the lowest 63,300 in 1960.
- How does Ghana rank?
- 9th highest of 36 economies with data for 2024.
- Is the latest change in households and NPISHs final consumption expenditure (current LCU) unusual for Ghana?
- In 2024, Ghana's households and NPISHs final consumption expenditure (current LCU) rose 29.7% on 2023 (from 756.63 billion to 981.44 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +30.7% and a typical year strayed about 17.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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